Could NYX Gaming Group Ltd Gain Strenght? The Stock Reaches All-Time Low

 Could NYX Gaming Group Ltd Gain Strenght? The Stock Reaches All Time Low

The stock of NYX Gaming Group Ltd (CVE:NYX) reached all time low today, Nov, 3 and still has $1.34 target or 10.00% below today’s $1.49 share price. This indicates more downside for the $156.57M company. This technical setup was reported by Barchart.com. If the $1.34 PT is reached, the company will be worth $15.66M less.
Trading stocks at an all time low is not easy. Stock at an all time low usually experience even more downside due to very negative fundament. Even thought the pullback rate is high, shorting is not an easy job because the risk of being wrong is big and the risk-reward ratio is always worse than if trading lon only. The stock last traded at $1.49 per share. It is down 6.00% since October 4, 2016 and is uptrending. It has outperformed by 4.79% the S&P500.

NYX Gaming Group Ltd (CVE:NYX) Ratings Coverage

Out of 2 analysts covering NYX Gaming Group Ltd (CVE:NYX), 2 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. $6.50 is the highest target while $5.50 is the lowest. The $6 average target is 302.68% above today’s ($1.49) stock price. NYX Gaming Group Ltd has been the topic of 5 analyst reports since August 10, 2015 according to StockzIntelligence Inc. The firm earned “Buy” rating on Monday, August 10 by Canaccord Genuity. The stock has “” rating given by Mackie on Wednesday, November 25. National Bank Canada maintained the shares of NYX in a report on Thursday, November 26 with “Outperform” rating.

More important recent NYX Gaming Group Ltd (CVE:NYX) news were published by: Prnewswire.com which released: “NYX Gaming Group Limited Reports Second Quarter Financial Results” on August 27, 2015, also Prnewswire.com published article titled: “NYX Gaming Group Limited receives final approval by the Division of Gaming …”, Prnewswire.com published: “NYX Gaming Group Limited Reports First Quarter Financial Results” on May 28, 2015. More interesting news about NYX Gaming Group Ltd (CVE:NYX) was released by: Prnewswire.com and their article: “NYX Gaming Group Ltd. Announces Appointment of Huw Thomas as Chief Corporate …” with publication date: July 22, 2015.

NYX Gaming Group Limited is a digital gaming software supplier engaged in the design, development, manufacture and distribution of digital gaming solutions for interactive, social and mobile gaming around the world. The company has a market cap of $156.57 million. The Firm provides a suite of gaming solutions, a distribution platform, full gaming process support services, brand and player management, and both Real Money Gaming and social gaming services and products. It currently has negative earnings. The Firm operates through the diversified gaming solutions segment.

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